Blue Lake Center

Location: Birmingham, AL
Type: Office
Price: $ 17,240,000

SMC has provided a $17,240,000 first mortgage loan to finance the acquisition of Blue Lake Center, a four-story, Class A suburban office property totaling 166,779 square feet located in the Highway-280 submarket of Birmingham, AL. Tenants at the property include B.A.S.S, LLC, SS Nesbitt, Rx Benefits and Principal Life Insurance. The Property is located less than one mile from Grandview Hospital, a new one million square foot hospital scheduled to open in 2016.